Press release
Concrete Saw Market is projected to reach $1.1 Bn & CAGR of 4.8% from 2024 to 2032.
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Concrete saws are specialized devices designed to cut through resilient materials like concrete, asphalt, or masonry. They are essential tools in construction, renovation, and demolition projects, facilitating precise cuts required for tasks such as road construction, building and concrete removal.
The surge in renovation and remodeling projects in residential and commercial sectors is a significant driver behind the concrete saw market's growth. As infrastructure and buildings age, there's an increasing need for updates and improvements, making concrete saws indispensable for cutting through concrete, masonry, and other materials. Additionally, ongoing investments in global infrastructure projects present a significant opportunity for market growth, driven by the demand for concrete saws in various construction and maintenance tasks.
The market is segmented based on power source, type, application, and region. Gasoline-powered saws dominated the market in 2023, but electric-powered saws are expected to exhibit the highest CAGR during the forecast period due to their environmental benefits and lower operating costs. In terms of type, hand-held saws are anticipated to grow at a higher CAGR due to increasing demand for portable and versatile cutting solutions. The construction sector leads in revenue, with walk-behind saws dominating in 2023.
Asia-Pacific remains a significant participant in the market, driven by rapid urbanization and industrialization leading to extensive construction activities. Key players in the market, including Husqvarna Group, STIHL Group, Makita Corporation, among others, are adopting strategies such as product launches, collaborations, and acquisitions to enhance their market presence. For example, Bosch Power Tools announced the launch of new power tools in 2023, including cutting saws, to deliver enhanced efficiency to skilled workers.
Key Benefits for Stakeholders:
Expected growth in the concrete saw market driven by urbanization and construction sector investments.
Increased demand for concrete saws in construction projects.
Intensifying competition among major players, with Asia-Pacific leading the market.
Opportunities for market expansion through product innovation and geographical expansion.
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